Mr. Cardoso made on January 4, 2021, consists of 334,449 LTIP Units that are eligible to vest on December 31, 2022. With respect to awards made on April 21, 2021, includes 227,790, 39,863, 28,474, 9,966, and 102,506, PSUs for Messrs. Nia, Smetana, Wagner, DeBari, and Tycher, respectively, and an additional 122,926, 21,512, 15,366, 5,378, and 55,317 RSUs that may be earned pursuant to the outperformance modifier with respect to such RSUs for Messrs. Nia, Smetana, Wagner, DeBari and Tycher, respectively. In connection with his termination of employment with us, Mr. Tycher immediately forfeited 101,625 performance-based LTIP Units and 48,960 PSUs but remains eligible to vest in up to 91,075 performance-based LTIP Units, up to 51,393 PSUs in connection with his post-termination consulting arrangement with us. See the discussion below under “Potential Payments Upon Termination or Change in Control” for further information.
(6)
The amounts reported represent hypothetical payout value, if any, under LTIP Units and PSUs based upon a market price of the Common Stock of $18.38 per share, the closing price of the Common Stock on the NYSE on December 31, 2021, the last trading day of 2021. Amounts reported in this column represent vesting and payout at the Threshold level for the 2019 and 2020 performance-based LTIP Units and 2021 PSUs, as performance for all such equity awards as of December 31, 2021 was at or below the Threshold level, and at the Maximum level for the 2021 performance-based LTIPs granted to Mr. Cardoso, which achieved Maximum performance as of December 31, 2021. Amounts exclude additional RSUs that may be earned pursuant to the outperformance modifier with respect to such RSUs as none were earned at the Threshold level of performance as of December 31, 2021. Such amounts consist of 56,948, 9,966, 7,119, 2,492, and 13,387 PSUs for Messrs. Nia, Smetana, Wagner, DeBari and Tycher, respectively, and 21,165, 355,614, 21,165, 5,977 and 63,341 performance-based LTIP Units for Messrs. Smetana, Cardoso, Wagner, DeBari and Tycher, respectively.
Option Exercises and Stock Vested
Name
|
|
|
Option Awards
|
|
|
Stock Awards
|
|
|
Number of
Shares
Acquired on
Exercise (#)
|
|
|
Value
Realized on
Exercise ($)
|
|
|
Number of
Shares
Acquired on
Vesting (#)
|
|
|
Value
Realized on
Vesting ($)(3)
|
|
Mahbod Nia
|
|
|
|
|
— |
|
|
|
|
|
— |
|
|
|
|
|
5,886(1) |
|
|
|
|
|
104,418 |
|
|
David J. Smetana
|
|
|
|
|
— |
|
|
|
|
|
— |
|
|
|
|
|
14,165(2) |
|
|
|
|
|
228,765 |
|
|
Ricardo Cardoso
|
|
|
|
|
— |
|
|
|
|
|
— |
|
|
|
|
|
18,885(2) |
|
|
|
|
|
304,993 |
|
|
Gary T. Wagner
|
|
|
|
|
— |
|
|
|
|
|
— |
|
|
|
|
|
18,885(2) |
|
|
|
|
|
304,993 |
|
|
Giovanni M. DeBari
|
|
|
|
|
— |
|
|
|
|
|
— |
|
|
|
|
|
5,900(2) |
|
|
|
|
|
95,285 |
|
|
MaryAnne Gilmartin
|
|
|
|
|
— |
|
|
|
|
|
— |
|
|
|
|
|
— |
|
|
|
|
|
— |
|
|
Marshall B. Tycher
|
|
|
|
|
— |
|
|
|
|
|
— |
|
|
|
|
|
124,034(2) |
|
|
|
|
|
2,021,699 |
|
|
(1)
Represents restricted stock issued to Mr. Nia on July 1, 2020 as compensation for service as a director that vested on June 9, 2021, the date of the Company’s 2021 annual meeting of stockholders.
(2)
Consists of (a) LTIP Unit awards subject to time-based vesting that vested on April 19, 2021 in the amounts of 8,850, 11,799, 11,799, 5,900, and 32,448 LTIP Units for Messrs. Smetana, Cardoso, Wagner, DeBari and Tycher, respectively; and (b) LTIP Unit awards subject to performance-based vesting that vested on April 19, 2021 in the amounts of 5,315, 7,086, 7,086, and 58,461 for Messrs. Smetana, Cardoso, Wagner, and Tycher, respectively. In addition, for Mr. Tycher, represents an additional 31,963 time-based LTIPs and 1,162 RSUs that immediately vested upon his termination of employment with us on May 13, 2021. See the discussion below under “Potential Payments Upon Termination or Change in Control” for further information.
(3)
Amounts shown calculate the value realized based upon the closing price of the Common Stock on the applicable vesting date or, if the vesting date was not a trading day, the closing price on the first trading day following the vesting date (April 19, 2021: $16.15; May 13, 2021: $16.71; and June 9, 2021: $17.74).